Buying A Home Timeline — Blackstone & Co Northwest Arkansas Real Estate

Buying a Home

A timeline for buying your new home

If you like knowing the whole process from start to finish, you’ve come to the right place.

6 – 5 months

Find a great agent

Interview two or three agents. See how quickly they are to respond, their expertise on the market, and their availability for showing homes. Learn about…

6 – 5 months

Assess your finances

Set a budget for how much you want to spend per month on a mortgage. Underwriting • Loan package is submitted to underwriter for approval Loan…

4 – 3 months

Start looking for homes online

We will set you up on a search to start looking at homes online.

4 – 3 months

Get Pre-Approved

Talk with a few lenders to determine your potential loan maximum. Obtain a pre-approval letter so if you find a home you like, you can…

3 – 2 months

Stay Encouraged!

The home search process can be long and exhausting, but stick with it – the right home will come at the right time.

2 months

Update your pre-approval letter with your lender

Most pre-approval letters are good for 60-90 days so you may have to get a new one if your search is longer than that window.

2 months – 45 days

Make an Offer

Be bold and submit an offer. You can cancel an offer so don’t be afraid of getting locked-in. Once you have found the property you…

2 months – 45 days

Get the house under contract

We will negotiate with each agent to get the best deal for you. Counteroffers. By far the most common is the counteroffer. In these cases,…

45 – 1 day(s)

Schedule an inspection

The inspector will examine the physical home. If any repairs need to be made, your agent will help you negotiate with the seller.

45 – 1 day(s)

Purchase Homeowners Insurance

Compare quotes from several insurance companies. Bundling your insurance may not always be the cheapest.

Before Closing Day

Appraisal

This protects you from overpaying. They will look at the house and comparable houses to determine your homes’ worth.

Before Closing Day

Final Walkthrough

You will have the opportunity to walk through the home to check that repairs were done.